News/City Updates

Amazon to set up facility in Visakhapatnam with 120 jobs in 2023

Software Technology Parks of India (STPI) announced Amazon will be setting up a facility in Visakhapatnam in 2023.

The largest online retailer will be making an initial investment of Rs 55. 65 lakhs with approximately 120 jobs in an Amazon system software development and IT-based service centre in Visakhapatnam. STPI took to Twitter to make this announcement on Monday and said that the projected software export is likely Rs 184.12 crores in the next three years.

After Infosys, Amazon is the second major company entering tier II and tier III cities across the state. Currently, Wipro, Tech Mahindra, Fluentgrid, Cyient, WNS and other companies have been conducting operations from Visakhapatnam.

In another recent development, the State Government has also allotted 130 acres of land to the Adani Group for setting up a tech park at an estimated cost of Rs 14,500 crores.

Also read: CM Jagan joins hands with global investors at WEF to make Visakhapatnam IT hub

In an attempt to make Visakhapatnam the IT hub of Andhra Pradesh, Chief Minister YS Jagan Mohan Reddy met with various heads from the industry at the recent World Economic Forum and promised to provide full support in making it possible. Apart from IT, Visakhapatnam will likely be the centre for all startups in the state, the Chief Minister reiterated.

Stay tuned to Yo! Vizag for more updates.

Share
Leave a Comment

Recent Posts

India’s largest convention centre will come up in Visakhapatnam: Nara Lokesh

During the AP Assembly session on 21 November 2024, IT and HRD Minister Nara Lokesh…

1 hour ago

2nd Infosys campus to new data units: Lokesh shares 5 key IT developments in Visakhapatnam

Andhra Pradesh's IT and HRD Minister, Nara Lokesh, has revealed a series of exciting IT…

2 hours ago

Badamgir Sai passes away

Noted stage artiste and founder of Rangasai Nataka Sangam and Rangasai Nataka Grandhalayam, AVVS Murthy,…

3 hours ago

What Are The New Releases on OTT Today? Here’s What to Add to Your Watchlist

A slew of fresh and exciting OTT releases are dropping today, promising a binge-worthy lineup…

18 hours ago

Hot & Hearty: The best soups in Visakhapatnam that complements this weather!

With the weather taking a turn these past couple of days, it’s like Visakhapatnam has…

19 hours ago

Plan a trip from Vizag to these 5 skiing destinations in India this winter

Dreaming of swishing down powdery white slopes with crisp mountain air in your lungs? While…

19 hours ago